UPDATE 1-Piaggio shares rise after H1 tops expectations

Newswire

* Asia recovery boosts results * H1 net profit down 46 percent * Company says significant improvement in Q2 * Shares close up 5.61 percent (Adds details, background, shares) MILAN, July 30 (Reuters) - Recovering Asian markets helped Italian motorbike and scooter maker Piaggio SpA post better-than-expected first-half profit on Thursday, sending its shares to a closing intraday high. The company, famous for its Vespa scooters, reported net profit down 46 percent at 25.7 million euros ...

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